Beach Energy and Bengal Energy have agreed the key terms of a farm-in to explore for oil in ATP 732. Subject to completion of the necessary documentation and appropriate due diligence, Beach will acquire 50% of ATP 732 from Bengal and the parties will establish a new Joint Venture. The farm-in activities require Beach to fund 100% of an oil exploration program that includes two wells and 3D seismic over approximately [...]
On 25 February 2013, Beach Energy and Beach group subsidiaries, signed documents with Chevron Australia Exploration 1 Pty Ltd and Chevron Australia Holdings for Chevron to farm-in to PEL 218and ATP 855 (Queensland) joint ventures. Settlement for the first stage of the transaction, being the transfer to Chevron of the initial equity interest of 30% in PEL 218 and 18% in ATP 855, has now occurred following the receipt of [...]
Beach Energy has produced the monthly drilling report for April 2013, with the following highlights. Two rigs are drilling for oil on the Western Flank, Kalladeina-2 discovery well is flowing oil at 986 barrels per day in PEL 91 and the Rincon North-1 discovers a seven metre oil column in PEL 92.
Beach Energy advises that dry and wet testing and commissioning of the Growler to Lycium (Beach 40% and operator, Senex Energy Limited 60%), Callawonga to Lycium (Beach 75% and operator, Cooper Energy (25%) and Lycium to Moomba (Beach 60% and operator, Senex 40%) flowlines has been completed and oil is now flowing through these lines into Moomba.
10:57 AEST Oct 10, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved. Adelaide, Australia (ABN Newswire) - Beach Energy Limited (ASX:BPT) advises of a new field oil discovery at the Windmill-1 exploration well in PEL 92 ...
Beach Energy advises that, under the off-market takeover offer by Cooper for Somerton, it will accept the shares and cash option for the 55.44% relevant interest it has in Somerton Beach advised on 21 May 2012 that, in the absence of a higher offer, it will accept the off-market takeover offer by Cooper Energy for Somerton Energy. The board of Beach has decided to accept the shares and cash option for its 55.44% relevant [...]
Beach Energy, as a majority shareholder of Somerton, advises that it will accept the off-market takeover offer by Cooper for Somerton in the absence of a higher offer. Beach Energy advises that, in the absence of a higher offer, it will accept the off-market takeover offer by Cooper Energy for Somerton Energy.
Beach Energy, as a majority shareholder of Somerton Energy, is considering its position in relation to the off-market takeover bid by Cooper Energy for Somerton Energy announced today. The offer price represents 21.8 cents per Somerton share for an all shares offer, and 21.9 cents per share for the shares and cash alternative and values Somerton at approximately $31.5 million.
Beach Energy is pleased to announce that its wholly owned subsidiary, Delhi Petroleum Pty Ltd, has renegotiated a royalty agreement that applies to Delhi's Cooper and Eromanga Basin assets, with Esso Australia Resources Pty Ltd, a wholly owned subsidiary of Exxon Mobil Corporation.
15:18 AEST June 24, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved. Perth, Australia (ABN Newswire) - Beach Energy Limited (ASX: BPT) (PINK: BEPTF) has generated a further profit of A$3.3 million to June 2011, (after ...
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